Aperio Group LLC reduced its position in Mdu Resources Group Inc (NYSE:MDU) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,491 shares of the utilities provider’s stock after selling 12,695 shares during the quarter. Aperio Group LLC’s holdings in Mdu Resources Group were worth $1,457,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Quantitative Systematic Strategies LLC purchased a new stake in Mdu Resources Group during the 2nd quarter valued at about $2,027,000. New York State Teachers Retirement System boosted its stake in Mdu Resources Group by 5.1% during the first quarter. New York State Teachers Retirement System now owns 328,428 shares of the utilities provider’s stock worth $8,483,000 after buying an additional 15,900 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Mdu Resources Group by 69.9% in the 2nd quarter. Moors & Cabot Inc. now owns 46,421 shares of the utilities provider’s stock valued at $1,198,000 after buying an additional 19,100 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Mdu Resources Group by 82.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 475,211 shares of the utilities provider’s stock worth $12,260,000 after acquiring an additional 214,240 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Mdu Resources Group in the 1st quarter worth $240,000. Institutional investors own 68.14% of the company’s stock.
MDU stock opened at $27.86 on Wednesday. Mdu Resources Group Inc has a one year low of $22.73 and a one year high of $27.88. The firm’s 50 day moving average price is $26.65 and its 200-day moving average price is $26.01. The firm has a market cap of $5.43 billion, a PE ratio of 20.19, a PEG ratio of 2.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.23 and a current ratio of 1.58.
Mdu Resources Group (NYSE:MDU) last issued its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Mdu Resources Group had a return on equity of 11.11% and a net margin of 5.91%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.22 EPS. The company’s quarterly revenue was up 22.4% on a year-over-year basis. Equities research analysts predict that Mdu Resources Group Inc will post 1.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be paid a $0.2025 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.91%. Mdu Resources Group’s payout ratio is presently 58.70%.
Separately, Zacks Investment Research upgraded shares of Mdu Resources Group from a “sell” rating to a “hold” rating in a research report on Monday, May 20th.
Mdu Resources Group Profile
MDU Resources Group, Inc engages in regulated energy delivery, and construction materials and services businesses in the United States. It operates through five segments: Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, and Construction Services. The Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming.
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